empty
 
 
09.02.2021 12:41 PM
Trading idea for silver

This image is no longer relevant

Silver started to rally, after collapsing from $ 30 earlier. In fact, quotes have retraced by 61.8%, opening a very good opportunity to trade short positions in the market.

This image is no longer relevant

At the time of writing, quotes have formed a wave pattern (ABC), wherein wave A is the bearish initiative from $ 30.

Taking this into account, it is a good idea to open short positions from current prices, the targets of which are the 61.8% ($ 29) and 50% ($ 30) retracement levels.

Take profit as soon as silver reaches $25.8, $24.0 and $21.5.

Of course, traders need to carefully assess the situation before placing any position. As we all know, trading is very precarious, but profitable as long as a correct strategy is used.

The plan above follows Price Action and Stop Hunting methods.

Good luck!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback